Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1887-06-16
THEY WERE ECONOMICAL.
Presidents Who Have Succeeded in Retiring
from Office With Snug Fortunes.
Jacksonville News

S-AANS
Jacksonville News
There seems to be some conflict in
opinion among writer's for the press lust
now about the amount of money Mr..
Cleveland is going to accumulate in his
presidential term. One writer the other
day declared that the president was tnd-
ing the expenses of his position more
tnan the salary. Another says, on the
other hand, that he will go out with about
100000 saved out of his salary. The
fact is that neither of them knows any
thlng about the matter. Mr. Cleveland
is not taking every newspaper man into
MS confidence about his private affairs.
DE Is undoubtedly able to live within his
income, and with what money he had when
he came here and the growth in value of
what he has purchased it is not improb-
able that he may go out of the white
house with about 100000.
If he does, it will put him Just about on
par In the matter of wealth with the
average retiring president. Some OF
them had more than that, but a good
many had less. As rule, the average
president is not much of financier, and
If he accumulates wealth is is because il
gravitates toward him by the attraction
of high position.
President Arthur was a very high feed
or and spent great deal of money on his
table. but he managed to save about
100000. Garfield was not in Office long
enough to save much money. He left
about $4,000, and the gifts Mrs. Garfield
has received have made her wealthy
woman
Mrs. Hayes ran the financial cad of the
house during Hayes administration, and
that she is financier is proved by the
the amount saved out of his salary.
Grant never saved much ont of his
salary, but the generous gifts of his
friends made him independent. He lost
his all in the Grapt-Ward failure. The
sale of his book has placed his wife in an
aff1uent position again.
When Andrew Johnson left the white
house he had about $150,OOO, good deal
of which was lost by the failure of the
Freedmen's bank.
Buchanan left over S25O,oOO, TO his
nephews and nieces.
Pierce did not do as well. Fifty thou
sand dollars was his limit, with no one to
inherit it.
Fillmore left the white house poor
man, but by the second marriage became
wealthy.
John Tyler went to the white house a
poor man, but he managed to save enough
out of his salary to live in comfort
James X. Polk left about $150,000. As
he had no children Mrs. Polk received it
all.
Martin Van Buren, did not save much
out of his salary, but left 100000.
Andrew jackson was counted rich
man in his day. The Hermitage, which
he left his adopted son, is now the pro-
perty of the state.
James Monroe died in New York in
solvent.
Of the earlier presidents Washington
was the wealthiest. At his death his es-
tate was valued at 100000.
adams was poor, but by his wise able
he never suffered want.
When Jefferson entered the white house
he was wealthy man, but he lost his pro
perty and Gied insolyent.
Madison was wealthy when he became
PRESIDENT and left handsome estate
which Mrs. Madison's son, Payne Todd,
souansserc!, and left her a poor womaa.